Carret Asset Management LLC Sells 10,800 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Carret Asset Management LLC reduced its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 15.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 60,260 shares of the real estate investment trust’s stock after selling 10,800 shares during the quarter. Carret Asset Management LLC’s holdings in Healthpeak Properties were worth $802,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DOC. Allspring Global Investments Holdings LLC boosted its position in shares of Healthpeak Properties by 42.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,750 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 1,712 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in Healthpeak Properties in the fourth quarter worth approximately $134,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Healthpeak Properties in the third quarter valued at approximately $124,000. Koshinski Asset Management Inc. bought a new stake in shares of Healthpeak Properties during the fourth quarter valued at approximately $146,000. Finally, Sapient Capital LLC acquired a new position in shares of Healthpeak Properties during the fourth quarter worth approximately $152,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Stock Performance

DOC stock traded down $0.43 during midday trading on Thursday, hitting $18.20. The company’s stock had a trading volume of 1,355,956 shares, compared to its average volume of 7,206,174. The stock has a market cap of $12.91 billion, a price-to-earnings ratio of 33.28, a PEG ratio of 1.82 and a beta of 1.02. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.00. The stock’s 50-day moving average price is $16.38 and its 200 day moving average price is $13.65. Healthpeak Properties, Inc. has a 1 year low of $15.24 and a 1 year high of $22.38.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DOC. Mizuho reissued a “buy” rating and issued a $22.00 price target on shares of Healthpeak Properties in a research report on Monday. Bank of America upgraded shares of Healthpeak Properties from an “underperform” rating to a “buy” rating and upped their target price for the stock from $18.00 to $25.00 in a report on Monday, April 1st. Wells Fargo & Company assumed coverage on Healthpeak Properties in a research note on Monday, March 25th. They set an “equal weight” rating and a $19.00 price target for the company. StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Friday, April 5th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Healthpeak Properties in a research report on Friday, January 5th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $18.10.

Healthpeak Properties Profile

Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.